Somewhat Positive Media Coverage Somewhat Unlikely to Affect Tsakos Energy Navigation (TNP) Share Price
News coverage about Tsakos Energy Navigation (NYSE:TNP) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tsakos Energy Navigation earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the shipping company an impact score of 46.7330248645907 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
TNP has been the subject of several research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $6.00 price target on shares of Tsakos Energy Navigation in a research note on Tuesday, July 4th. ValuEngine lowered shares of Tsakos Energy Navigation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded shares of Tsakos Energy Navigation from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Morgan Stanley decreased their price target on shares of Tsakos Energy Navigation from $6.00 to $5.50 and set an “overweight” rating for the company in a research note on Monday, September 18th. Finally, Maxim Group reiterated a “buy” rating and issued a $6.00 price target on shares of Tsakos Energy Navigation in a research note on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Tsakos Energy Navigation presently has a consensus rating of “Hold” and an average price target of $5.57.
Shares of Tsakos Energy Navigation (NYSE TNP) traded down 1.54% during midday trading on Friday, hitting $4.49. The stock had a trading volume of 256,555 shares. The stock has a market cap of $378.44 million, a PE ratio of 22.79 and a beta of 1.69. Tsakos Energy Navigation has a one year low of $3.92 and a one year high of $5.28. The firm has a 50 day moving average price of $4.55 and a 200 day moving average price of $4.63.
Tsakos Energy Navigation (NYSE:TNP) last issued its earnings results on Friday, September 15th. The shipping company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.08). Tsakos Energy Navigation had a return on equity of 3.84% and a net margin of 12.92%. The business had revenue of $104.06 million for the quarter, compared to analyst estimates of $108.51 million. On average, equities analysts forecast that Tsakos Energy Navigation will post $0.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Wednesday, November 8th. Tsakos Energy Navigation’s dividend payout ratio (DPR) is presently 95.24%.
About Tsakos Energy Navigation
Tsakos Energy Navigation Ltd is a provider of international seaborne crude oil and petroleum product transportation services. The Company operates through maritime transportation of liquid energy related products segment. It operates a fleet of approximately 57 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters.
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